Cycling provides economic benefit in terms of improved public health,
reduced levels of traffic congestion and greenhouse gas emissions, as
well as reductions in expenditure on transport fuel.

These benefits accrue most readily when the bicycle is used as a
substitute for car journeys. Though many trips are too long to be
comfortably undertaken by bicycle alone…a large proportion of our car
trips are of a distance suited to cycling.

More Copenhagenisation

Just one thing I'd say about this article: the suggestion by the
Victorian Employers Chamber of Commerce and Industry's Wayne
Kayler-Thomson that "a bike lane down the middle of the median strip [in Parade] would more effectively remove bikes from the dangers of
road and pedestrian traffic" is badly misinformed. I can't think of a
more dangerous way of separating cars and bikes—drivers barely expect
bikes to be approaching them on the left, let alone on the right in the
median strip.